News

Daily news and original analysis on the Cyprus and Eastern Mediterranean oil & gas sector.

OilPrice·May 1·1 min read

Chevron Earnings Top Estimates While Refining Swings to Loss

Chevron outperformed Wall Street projections for the first quarter, driven primarily by robust crude realisations that reinforced upstream profitability. This operational strength in extraction effect

Oil Rally Stalls as Iran Proposal Triggers Profit-Taking

Crude benchmarks paused their aggressive upward momentum to settle just shy of $110 per barrel as diplomatic overtures from Tehran prompted market participants

OilPrice·May 1

Kazakhstan to Stick With OPEC+ After UAE Exit

Kazakhstan has formally reaffirmed its commitment to the OPEC+ alliance, quelling speculation that the Central Asian producer might exit the coalition or break

OilPrice·May 1

Syria Still Leans on Russia for Oil Supply

Despite the dramatic political transition in Damascus following the fall of Bashar al-Assad, Syria has surprisingly increased its reliance on Russian crude, wit

OilPrice·May 1

Ukraine Hits Russian Black Sea Oil Port Four Times in One Week

Ukrainian forces have intensified their asymmetric campaign against Russian energy infrastructure by striking the Black Sea port of Tuapse four times in a singl

OilPrice·May 1
May 1

High Gas Prices Are Just the Start of a Much Deeper Energy Crunch

May 1

DOE Continues ‘Swift Execution' of 172MM Barrel SPR Exchange

May 1

Exxon Beats Q1 Earnings on Oil Price Surge Despite 6% Production Drop

May 1

Kimmeridge, Mubadala Raise JV Production to Over 1Bcfd

May 1

Trump approves new Canada-to-Wyoming oil pipeline border permit

May 1

EnBW awards offshore wind subsea inspection contracts to RS Diving

May 1

Pakistan Imports First LNG Cargo in Weeks in Relief for Energy Crisis

May 1

Oil & gas firms step up exploration game to tackle supply shortfall by 2050

May 1

OKEA Back to Black but Dividends Remain On Hold